Marc Poulin Sells 3,000 Shares of Richelieu Hardware Ltd. (TSE:RCH) Stock

Richelieu Hardware Ltd. (TSE:RCH) Director Marc Poulin sold 3,000 shares of Richelieu Hardware stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$39.33, for a total transaction of C$118,000.20.

Richelieu Hardware Price Performance

Richelieu Hardware stock opened at C$39.26 on Friday. Richelieu Hardware Ltd. has a 1 year low of C$38.11 and a 1 year high of C$48.27. The firm has a 50 day moving average price of C$40.45 and a 200 day moving average price of C$42.89. The company has a market cap of C$2.20 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 27.08, a quick ratio of 0.72 and a current ratio of 3.66.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$0.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.07). The business had revenue of C$406.86 million for the quarter, compared to analyst estimates of C$417.50 million. Richelieu Hardware had a net margin of 5.82% and a return on equity of 12.18%. Sell-side analysts predict that Richelieu Hardware Ltd. will post 1.8383038 earnings per share for the current year.

Richelieu Hardware Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, April 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, April 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Richelieu Hardware’s payout ratio is currently 32.43%.

Analyst Ratings Changes

Separately, CIBC lowered their price target on shares of Richelieu Hardware from C$46.00 to C$45.00 and set a “neutral” rating for the company in a report on Friday, April 12th.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.